Crane NXT Co (CXT)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,486,800 | 1,444,600 | 1,394,000 | 1,375,800 | 1,905,100 | 2,372,300 | 2,834,500 | 2,816,100 | 2,844,700 | 2,845,800 | 2,924,500 | 3,386,900 | 3,348,900 | 3,207,300 | 3,000,000 | 2,847,900 | 2,761,300 | 2,915,200 | 3,001,000 | 3,198,300 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 432,700 | 439,500 | 444,800 | 543,500 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 6.38 | 6.63 | 6.75 | 5.88 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,486,800K ÷ $—K
= —
Crane NXT Co's receivables turnover ratio has shown a consistent trend over the reported periods. The ratio increased from 5.88 as of March 31, 2020, to 6.75 as of June 30, 2020, indicating that the company was able to collect its receivables more efficiently during this period. Subsequently, the ratio slightly decreased to 6.63 as of September 30, 2020, and further to 6.38 as of December 31, 2020.
From March 31, 2021, onwards, the data for receivables turnover is not available, indicating that the company may not have reported this information or that there was a change in reporting practices.
A higher receivables turnover ratio suggests that the company is collecting its accounts receivable more quickly, which is generally viewed positively as it indicates effective management of credit sales and collection. Conversely, a declining ratio may signify potential issues with collecting receivables efficiently or changes in the company's credit policy.
Overall, the trend observed in Crane NXT Co's receivables turnover ratio highlights the importance of monitoring changes in this ratio over time to assess the company's effectiveness in managing its accounts receivable.
Peer comparison
Dec 31, 2024